Ema with Momentum ~ forex market hours desktop widget
EMA with momentum is trend momentum trading system.
Currency pairs: Majors and Minor.
Time Fraame 30min or higher.
Indicators:
Stochastic indicator (8, 3,3,),
Momentum (8),
EMA 21,
EMA 86,
BUY WHEN:
The white Candlesticks are ABOVE the 2 EMA lines (Yellow and Gold).
(Section 1)
The momentum line is BELOW 100 BUT positively starting to move UPWARDS.
(Section 2) Stoch Blue line starts to climb ABOVE the red line, at a sharper angle.
(Section 3).
SELL WHEN:
The white Candlesticks are BELOW the 2 EMA lines (Yellow and Gold).
(Section 1)
The momentum line is ABOVE 100 BUT positively starting to move
DOWNWARDS. (Section 2)
Stoch Blue line starts to fall BELOW the red line, at a sharper angle.
(Section 3)
Stop levels and Take Profit levels depend on the timeframe you are using.
If you wish to scalp (highly effective) Then I suggest the M5 chart with a TP of 10 pips and a stop of 7 pips.
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